Choose your investment option
Choosing an investment option gives you more control over your retirement savings. All members of First State Super have a choice of eleven investment options for their superannuation.
Pre-mixed
Single asset class
It is not compulsory to make a choice but if you wish, you can choose a different option or options for your current account balance, future contributions and rollovers. A switch to your existing account balance will normally take up to five working day to be processed after your properly completed election to switch is received. A change to your future contributions option will generally take effect within three working days of receipt of your properly completed election.
Choosing an investment option
While First State Super cannot make a recommendation about which investment option is suitable for you, see the Investment options supplement.
If you DON’T choose
Your current account balance will be invested in the default option for your age (see The Trustee’s default option below).
- Your future contributions will be invested in the default option for your age (see The Trustee’s default option below).
- A rollover from another superannuation fund will be invested in the same investment option as your future contributions.
If you DO choose
- You can choose from eleven investment options for your current balance, future contributions and each rollover.
- You can choose different options for your current balance, future contributions and each rollover, and you can mix the options in any
combination. For example, a member could choose to invest 50% of their current account balance in Australian Equities and 50% in Balanced; and 100% of future contributions in Capital Guarded.
- If you choose an option for one or more of your current balance, future contributions or rollovers, you are no longer a ‘default’ option member and
the automatic default change at age 56 will no longer be applicable.
- Choosing or switching your investment options for your current account balance does not affect your investment option for your future
contributions or rollovers. Your future contributions and rollovers will be invested in the existing future contributions option, unless you nominate a
different option for a particular rollover.
- Your investment election to switch your balance will normally take effect on the 5th working day after it has been received. If you are switching your
account balance and making a different election for your future contributions at the same time, any contribution processed before the switch will form
part of the account balance being switched.
- Making an investment option choice for one rollover does not affect the investment option for any other rollover. You must make a separate
investment option choice for each rollover to the Fund if you wish to have a different investment option for that rollover.
- Over time the value and proportion of your investment option choice may change and differ from the percentage amounts of your election.
If you make an INVALID choice
We cannot process your investment option choice form unless it is completed correctly. If your form is invalid, for example, it is not correctly signed, then we
will write to you advising that your choice is invalid and requesting a correction. Until we receive the correct form:
- Your current account balance will remain in the existing current account balance option.
- Your future contributions will remain in the existing future contributions option.
- Rollovers will be invested in the existing future contributions option.
The Trustee’s default option
The default option chosen by the Trustee is based on your age (less than 56 – Diversified option; 56 and over – Balanced option). When a default option
member turns 56, their account balance automatically switches to the Balanced option and, unless you advise us otherwise, all future contributions and
rollovers will be automatically invested in the Balanced option.
|
